Product News: Software
Invoicing Software aids supplier engagement and process control.
Press Release Summary:
July 30, 2014 - In addition to providing users with customization and control of electronic invoicing and payments processes, ADP® Procure-to-Pay Solutions® (P2P) platform helps buyers and suppliers work collaboratively by offering immediate access to critical data and also increases efficiency of payments process. Features include supplier dashboard, which provides analytics and insights; customizable invoice coding display; and multiple payment accounts functionality.
Original Press Release
ADP Procure-to-Pay Solutions® Platform Enhancements Help Provide Greater Supplier Engagement and Improved Control of Payments Processes
Press release date: July 28, 2014
ROSELAND, N.J. -- ADP(®), a leading global provider of human capital management solutions, today announced that new enhancements to the ADP Procure-to-Pay Solutions(®) (P2P) platform will provide users with increased customization and improved control of their electronic invoicing and payments processes. The platform will help buyers and suppliers work more collaboratively by offering immediate access to critical data and making the payments process more efficient.
The latest enhancements to ADP's P2P electronic invoicing solution include:
-- Improved supplier dashboard and analytics. The new supplier dashboard now provides analytics and insights up front, helping to enable suppliers to access relevant information and monitor trends. The new dashboard delivers greater visibility into approved and unapproved invoices, purchase orders and disputes so suppliers can see critical data and take action. Both buyers and suppliers also can take advantage of an improved resource center that houses reference materials and can be accessed without interrupting the invoice production cycle.
-- Customizable invoice coding display. ADP now makes it easier for clients to configure coding fields and other data elements that are displayed on the invoice so users and suppliers only see information that is relevant to their business processes. Clients can configure the application so that only the desired fields are visible to users, delivering a more streamlined interface.
-- Multiple payment accounts functionality. Clients now can make payments to suppliers from more than one account if they have distributed operations that manage their own payables transactions. Buyers can configure multiple bank accounts, choose their preferred payment method and better handle payment exceptions.
-- Increased control and flexibility of invoice approvals. If an invoice has been approved in error for any reason, users now have the ability to "unapprove" the invoice and return it back into the workflow for further review and processing--all with the simple click of a button.
"As we evolve our Procure-to-Pay Solutions platform, we're continually assessing the needs of buyers and suppliers to help make the system as streamlined and user-friendly as possible," said Leon Busch, vice president and general manager of ADP Procure-to-Pay Solutions. "Our commitment to supplier engagement will help suppliers participate in the invoicing process in a more meaningful way and, ultimately, improve the accounts payable workflow for all parties."
In the coming months, ADP plans to release several other enhancements to its P2P solution, including a new responsive design that will provide a more compelling client experience on mobile devices. Evolving integration capabilities will help make it easier for buyers and suppliers to input and access data in the system.
The ADP Procure-to-Pay Solutions platform is transforming the way organizations manage their accounts payable process. ADP delivers comprehensive functionality - PO management, electronic invoicing, supplier enablement, scan and capture services, automated workflow and payments automation - to clients looking to help reduce errors and their use of paper, while helping to increase efficiency and overall spend visibility.
For more information, please visit http://www.adp.com/p2p.
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With more than $11 billion in revenues and more than 60 years of experience, ADP(®) (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with some of today's key employment-related tax and payment regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP visit the company's Web site at http://www.adp.com.
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